Axon Enterprise (AAXN) Cut to “Neutral” at Sidoti
Axon Enterprise (NASDAQ:AAXN) was downgraded by equities researchers at Sidoti from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday. They presently have a $40.00 price objective on the industrial products company’s stock. Sidoti’s target price suggests a potential upside of 5.15% from the stock’s current price. The analysts noted that the move was a valuation call.
Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Axon Enterprise from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a research report on Friday. Dougherty & Co restated a “buy” rating and set a $36.00 price objective (up from $33.00) on shares of Axon Enterprise in a research report on Wednesday, February 28th. JPMorgan Chase & Co. set a $37.00 price objective on shares of Axon Enterprise and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Craig Hallum set a $37.00 price objective on shares of Axon Enterprise and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, Ladenburg Thalmann Financial Services upgraded shares of Axon Enterprise from a “neutral” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Wednesday, February 28th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $36.14.
Shares of Axon Enterprise (NASDAQ AAXN) traded down $0.71 during midday trading on Monday, reaching $38.04. 1,030,498 shares of the company’s stock traded hands, compared to its average volume of 938,164. Axon Enterprise has a twelve month low of $20.57 and a twelve month high of $39.75. The firm has a market cap of $2,055.08, a PE ratio of 380.40, a price-to-earnings-growth ratio of 4.08 and a beta of 0.88.
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Axon Enterprise Company Profile
Axon Enterprise, Inc, formerly TASER International, Inc, is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. It is also engaged in development of connected wearable on-officer cameras.
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